Question 15 0.5 A company has the following: Balance per bank, $11,460 Outstanding checks, $2,325 Deposits in transit, $3,750 NSF check. $240 Note collected by the bank, $1,000 Cash balance per books, $12,125 The net effect of the adjusting entries that the company will journalize as a result of this reconciliation will o reduce its cash account's balance by $315, reduce its cash account's balance by $760. increase its cash account's balance by $1,000. increase its cash account's balance by $760. increase its cash account's balance by $315